v3.26.3
INVENTORIES
6 Months Ended
Aug. 31, 2026
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

Note 4 – INVENTORIES

 

Inventories consist of the following:

 

   August 31,
2026
   February 28,
2026
 
Current:        
Product inventory  $15,657,400   $17,771,000 
Inventory valuation allowance   (434,300)   (358,800)
Inventories net – current  $15,223,100   $17,412,200 
           
Noncurrent:          
Product inventory  $20,537,300   $21,056,700 
Inventory valuation allowance   (836,000)   (805,000)
Inventories net – noncurrent  $19,701,300   $20,251,700 

 

Inventory in transit totaled $84,000 and $147,900 at August 31, 2026 and February 28, 2026, respectively.

 

Product inventory quantities in excess of what we expect will be sold within the normal operating cycle, based on 2½ years of anticipated sales, are included in noncurrent inventory.